Bloomberg News

Euro Falls Versus Most Peers as Bets on Rate Increases Diminish

August 30, 2011

Aug. 31 (Bloomberg) -- The euro weakened against most of its major counterparts as traders trimmed bets the European Central Bank will raise interest rates.

The 17-nation currency fell to 110.50 yen as of 10:31 a.m. in Tokyo from 110.82 yen yesterday in New York. The euro fetched $1.4424 from $1.4441.

To contact the reporter on this story: Masaki Kondo in Singapore at mkondo3@bloomberg.net

To contact the editor responsible for this story: Jonathan Annells at jannells@bloomberg.net


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